Romania: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Romania

The Romanian refined cotton-seed oil market reduced to $X in 2022, dropping by -2.8% against the previous year. Over the period under review, consumption saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 5.1%. Refined cotton-seed oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production in Romania

In value terms, refined cotton-seed oil production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 with an increase of 5.5% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports from Romania

In 2022, the amount of refined cotton-seed oil exported from Romania soared to X tons, with an increase of 210% on the year before. In general, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 57,129% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, refined cotton-seed oil exports surged to $X in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2019 when exports increased by 50,249% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for refined cotton-seed oil exports from Romania, with a 98% share of total exports. It was followed by Serbia (X kg), with a 1.7% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to the UK amounted to +224.3%.

In value terms, the UK ($X) remains the key foreign market for refined cotton-seed oil exports from Romania, comprising 98% of total exports. The second position in the ranking was taken by Serbia ($X), with a 1.5% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to the UK amounted to +318.9%.

Export Prices by Country

The average refined cotton-seed oil export price stood at $X per ton in 2022, surging by 31% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Serbia amounted to $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+29.2%).

Refined Cotton-Seed Oil Imports

Imports into Romania

After three years of growth, supplies from abroad of refined cotton-seed oil decreased by -79.3% to X tons in 2022. Overall, imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2019 with an increase of 5,453%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil imports shrank rapidly to $X in 2022. Over the period under review, imports recorded a sharp slump. The pace of growth was the most pronounced in 2019 when imports increased by 1,788% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main refined cotton-seed oil supplier to Romania, with a 93% share of total imports. Moreover, refined cotton-seed oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold. The third position in this ranking was taken by France (X kg), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +123.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and France (-15.6% per year).

In value terms, Spain ($X) constituted the largest supplier of refined cotton-seed oil to Romania, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.9% share of total imports. It was followed by France, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +105.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and France (-14.4% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, surging by 41% against the previous year. Overall, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 187%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+64.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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